2 days Ago
Following a relaxed trading session in the crypto market, open interest has risen and there is a renewed appetite for risk. Dogecoin and Shiba Inu (SHIB) pushed memecoins back into the spotlight after picking up successive daily gains earlier this week. However, with a potential 25% drop in April, it looks like Shiba might sustain its upside momentum for too long.
Meanwhile, interest in the market trenches is heating up. Among these tokens is Remittix (RTX) , a new PayFi solution that is growing popular among retail investors. This unique protocol provides an easy-to-use solution to a prevalent issue common with payment networks.
Market participants are thrilled about this development and experts forecast the project to secure aggressive adoption, which could translate to at least a 100x price jump in 2025. In the following paragraphs, we will try to understand SHIB's price dynamics and the growing momentum surrounding Remittix. Shiba Inu: A 25% Drop Looms For almost a week, Shiba Inu has enjoyed successive increases in upside momentum.
The meme token continues to show strong signs of recovery after a protracted period of stagnancy and losses. This multi-day rally proves that bulls are edging over bears and comes as a relief for SHIB bag holders and investors. According to data from CoinMarketCap, SHIB Inu peaked at a weekly crest of $0.
00001555 but quickly saw a correction. However, it seems the token’s trajectory might not continue on a bullish trend. The token is currently trading at around $0.
00001256 , reflecting a nudge from its lowest price point of $0.00001102 in the past 30 days. Technical signals like the MACD and Relative Strength Index (RSI) further support a bearish bias.
Both signals suggest that Shiba Inu has reached a point of exhaustion and wouldn’t be able to sustain its upside momentum in the first week of April. The Shiba team recently announced their plans to expand the finance capabilities of the SHIB ecosystem by introducing borrowing, lending and savings options on SHIB Finance. This strategic development, which aims to go beyond direct token swaps by providing additional financial options, might not tilt SHIB’s momentum in favor of bulls until the launch date is disclosed by the team.
Is Remittix (RTX) Worth The Hype? Remittix (RTX) is a new payment protocol that is stirring the market and causing buzz among market participants. Experts have taken it a step further, backing the token as one of the best buys for investors this season. But what’s fueling the hype around the Remittix project? Remittix was developed to cater to both crypto-to-crypto payments and crypto-to-fiat transfers.
Unlike any other payment network available in the market today, RTX allows businesses and freelancers to convert their crypto holdings to fiat currencies like GBP and USD and send them directly to the local bank of the recipient anywhere in the world without delays and expensive cross-border charges. Remitix utilizes a flat-fee model to become a cost-effective alternative for users who slow and expensive cross-border options have plagued. With the aid of this model, recipients can receive the exact amount sent.
And it doesn’t stop there; the Remittix platform was developed with an easy-to-use interface, enabling businesses to bypass the prevalent issue common with payment networks seamlessly. Moreover, since the Remittix presale went live, investors haven't relented in adding RTX tokens to their portfolios. As of today, Remittix’s presale has secured $14.
2 million in investor funding and sold approximately 524 million tokens. What’s the Best Crypto Investment Now? Investors who were keen on SHIB in its earliest days became millionaires overnight. Forecasts of a 100x rally for Remittix have drawn comparisons to the meteoric rise of Shiba Inu, making RTX one of the best buys of this season.
As the crypto market awaits the debut of Remittix in the coming weeks, investors are expected to continue accumulating RTX tokens. Currently priced at $0.0734 for each $RTX, make sure you hop on the train before prices soar above the $10.
0 threshold. Website: https://remittix.io/ Socials: https://linktr.
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